Kristall Spaces Lanka (Pvt) Ltd, the developer behind the recently launched All-Suite Resort Talpe Heights, is challenging the traditional “build-and-exit” model of property development by emphasizing its role as a long-term partner in the property value chain. While many developers focus solely on construction and the final handover, Kristall Spaces maintains a direct interest in the ongoing health of the asset and its ability to generate sustainable returns for owners.
Recognizing that a luxury oceanfront property is a living asset, Kristall Spaces leverages 20 years of European development and hospitality experience to provide expert facility management. This approach addresses the “performance gap” often seen post-handover in Sri Lankan condominiums, ensuring that essential systems—from climate control to structural integrity—are maintained to international standards.
Bridging the Value Chain with All-Suite Resorts Lanka
A critical link in this value chain is the developer’s associate operating company, All-Suite Resorts Lanka. Unlike third-party management companies that may have short-term interests, All-Suite Resorts Lanka typically enters into a 10-year management commitment with owners. This stability allows for:
- Optimized Rental Income and Occupancy: All-Suite Resorts uses sophisticated yield management software to update prices dynamically in line with local hotel demand to optimize pricing and occupancy. Professional guest management and marketing through established global networks ensure consistent yield, targeting 8-11% in annual rental returns.
- Realistic Investor Expectations: To responsibly manage owner expectations once the aparthotel is operational, the initial rental projection conservatively projects 120 days overnight occupancy in Year 1.
- Preservation of Value: Continuous, professional maintenance protects the owner’s investment from the harsh coastal environment, directly supporting the projected 5-10% annual capital appreciation.
- Seamless Owner Experience: By acting as both developer and operator alongside All-Suite Resorts, Kristall Spaces removes the burden of day-to-day management, offering a truly “turnkey” investment for both local and international buyers.
“Our organization sees right along the entire value chain,” stated Simon Atterbury, CEO of Kristall Spaces Lanka. “The journey doesn’t end when the keys are turned. By integrating expert facility management and long-term rental operations through All-Suite Resorts Lanka, we ensure our projects remain world-class destinations for guests and secure, high-yielding assets for our owners for a decade and beyond”.
As tourism arrivals in Sri Lanka continue their upward trajectory, this integrated model provides a secure vehicle for investors to capitalize on the country’s booming luxury serviced-residence sector.
